Perry Ellis International Inc. announced its fiscal fourth-quarter profit on account of lower operating expenses and fewer markdowns which assisted it recover from a loss the previous year.

In addition, the clothing company also augurs a higher profit and revenue for this year in line with the Wall Street's expectations.

Oscar Feldenkreis, President and Chief Operating Officer for Perry Ellis, quoted, "We expect to see 2011 as a breakout year to capitalize on these opportunities as well as our core growth platforms".

The company revealed to have earned $8.5 million, or 64 cents per share, for the three months ended Jan. 30, compared to a loss of $21.6 million, or $1.58 per share, the previous year.

The performance is revealed to surpass the 59 cents-per-share estimation of analysts polled by Thomson Reuters.

Moreover, its revenue witnessed a climb of 3 percent to $196.4 million from $191.2 million, partly on initial shipments of its Callaway and Top-Flite spring products and better results from its direct-to-consumer operations. Revenue missed Wall Street's expectation of $198.9 million.

However, its net operating expenses registered a fall of 34 percent to $53.2 million from $80.5 million.